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Japan hails EU approval for free trade talks

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© 2012 AFP

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"European car and car part manufacturers are fearful the removal of tariffs will lead to a rise in Japanese car imports," surprise , seeing Toyota,Honda and Nissan have plants that have been supplying the European comunity for years from their European plants. So how will a " removal of tariffs will lead to a rise in Japanese car imports," affect the Eurozone. ?????

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Japanese exports to Europe are negligible. The high yen prevents profitable trading in the automotive sector which is why they have plants outside of Japan as some are in Europe. I think they should be more worried about Japanese manufacturers abandoning those plants in Europe due to current economic downturn.

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This is what Japan should be doing, instead of failing to make a decision on joining the TPP. Europe accounts for just over 10% of Japanese exports and this should increase under a free trade deal.

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